The Impact of Financial Market Development on Agricultural Factor Misallocation: Household-Level Evidence from China

Table 4

Degree of distortion of factors by region-year (2010–2014).

Variable		Year	East	Midland	West
Capital	Distortion (mean)	2010	−0.68	−0.90	−0.27
		2012	−0.78	−0.83	−0.65
		2014	−0.84	−0.84	−0.85
	Distortion (std. deviation)	2010	122.11	111.51	135.10
		2012	78.27	70.67	85.03
		2014	67.97	74.35	88.24
Labor	Distortion (mean)	2010	0.96	0.98	0.86
		2012	0.97	0.99	0.93
		2014	0.96	0.98	0.97
	Distortion (std. deviation)	2010	116.25	58.59	116.58
		2012	68.64	9.79	72.35
		2014	59.81	47.66	32.42
Land	Distortion (mean)	2010	197.30	563.26	102.34
		2012	205.84	252.64	122.88
		2014	268.99	279.94	245.61
	Distortion (std. deviation)	2010	547.32	684.81	409.52
		2012	542.53	508.32	528.49
		2014	692.54	583.17	984.95